Kevin Dunn Sells Over $10 Million In WWE Stock
WWE VP preparing for life after wrestling?
WWE Executive Vice President of Television Production Kevin Dunn has cashed out on well over $10,000,000 worth of WWE stock since July, according to data provided by Fairfield Current.
Dunn, who currently sits on the company's board of directors, sold 100,000 shares at an average price of $79.18 on 30 July (a total of $7.918m). He followed this up with another transaction of 25,000 shares at $86.87 per unit on 6 September, meaning he has pocketed a total of $10,089,750.00 from these transactions.
This has naturally led to fanciful speculation that the much-maligned producer is readying an exit plan. In all likelihood, Dunn is merely capitalising on WWE's soaring share value. Prices have typically sat somewhere between $15-20 for the past few years, but the company's recent financial successes have seen them soar as high as $91.73 in 2018, allowing Dunn and his fellow executives to score massive paydays without ceding too much control.
First hired by WWE in 1984, Dunn is now one of the most powerful figures in the company, and a seemingly untouchable figure under Vince McMahon. Whether that changes when the Chairman eventually steps aside remains to be seen, but don't expect him to leave anytime soon.